Hunts Point Terminal Produce Market received a $10 million federal TIGER grant from the U.S. Department of Transportation for freight rail improvements.
Wednesday's announcement by U.S. Reps. José Serrano and Joseph Crowley came as the owners of the 113-acre Bronx, N.Y., marketplace and New York City officials are stalled over a lease extension.
New Jersey officials are interested in relocating the market to the Garden State.
Tiger, which stands for Transportation Investment Generating Economic Recovery, is a discretionary grant program funded by the American Recovery and Reinvestment Act.
According to the Transportation Department, the funds will cover the installation of additional sorting and storage rail tracks; rehabilitating the rail spurs that serve three of the market's warehouses; and a covered spur within the market to enhance the transfer of produce from rail cars to trucks.
"This $10 million grant shows the support and commitment of the federal government to their future success and to the modernization of our city's infrastructure," said Serrano, who represents the Bronx in Congress.